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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 11/04/2008
DO (Diamond Offshore--$90.17; +6.50; optionable): Offshore drilling
http://biz.yahoo.com/p/d/do.html
EARNINGS: Announced 10-23-08
STATUS: Double bottom w/handle. Good volume jump Tuesday as DO bounced off the 10 day EMA at the bottom of its short handle, moving up toward the breakout point from its 5 week base. This base has formed at the bottom of the July to October selloff and this is a great set up for a new surge higher off of this bottom. Really like how this is setting up for a new breakout and run higher.
Volume: 2.307M Avg Volume: 2.396M
BUY POINT: $91.55 Volume=3.5M Target=$105.00 Stop=$87.33
POSITION: DO AR - Jan. $90c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/do.html
Play Date: 11/04/2008
MOS (Mosaic Company--$41.74; +4.49; optionable): Agriculture chemicals
http://biz.yahoo.com/p/m/mos.html
EARNINGS: 1-6-09
STATUS: Reverse head and shoulders. A small 5 week pattern at the bottom of the long June to October selloff. The agriculture stocks are improving nicely, and there is that big gap lower from early October back up at 67.50. Our initial target is much less ambitious and makes us a nice gain. If MOS continues to run, all the better.
Volume: 12.667M Avg Volume: 12.968M
BUY POINT: $42.11 Volume=18M Target=$58.88 Stop=$39.16
POSITION: MOS AH - Jan. $40c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/mos.html
Play Date: 11/04/2008
NSC (Norfolk Southern--$60.90; +2.29; optionable): Railroads
http://biz.yahoo.com/p/n/nsc.html
EARNINGS: Announced 10-21-08
STATUS: Bumping up against the 200 day SMA (60.92) the past week, trying to retake that level after falling through it to start October and forming something of a cup base to set up and rebound. While there is a lot of overhead from June and in August, the 200 day SMA provides a clear demarcation point, and a strong break back through that level on strong volume shows this railroad is ready to ride again and move up toward the 70 level where there is a swath of resistance.
Volume: 4.853M Avg Volume: 4.962M
BUY POINT: $62.11 Volume=7.4M Target=$71.48 Stop=$59.22
POSITION: NSC AL - Jan. $60c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/nsc.html
Play Date: 11/04/2008
PLCE (Childrens Place--$32.71; -0.07; optionable): Apparel stores
http://biz.yahoo.com/p/p/plce.html
EARNINGS: 11-20-08
STATUS: Double bottom with handle. Nice rally off a short double bottom in October after the September to October selloff, then a bounce to end the month and a short handle to start November. Not a horrendous selloff as with other stocks and thus a solid showing of strength. It has recovered to the 50 day EMA (32.98) and is forming a handle there. Money flow is out in front of price. May take a bit more time to form the handle but really like its orderly action.
Volume: 778.71K Avg Volume: 1.176M
BUY POINT: $34.21 Volume=1.8M Target=$40.95 Stop=$31.82
POSITION: TUY AF - Jan. $30c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/plce.html
Play Date: 11/04/2008
SPN (Superior Energy--$21.89; +1.61; optionable): Oil and gas services
http://biz.yahoo.com/p/s/spn.html
EARNINGS: Announced 10-30-08
STATUS: Double bottom w/handle. Similar to many energy and commodities stocks, SPN sold off from the June peak into October. From there it double bottomed and rallied into Halloween. It is now working on a short handle to the 5 week pattern, starting to break higher Tuesday. Plenty of upside room to run up to the 50 day EMA at 27.47. Solid set up, plenty of room to move and make us money.
Volume: 1.466M Avg Volume: 1.747M
BUY POINT: $22.21 Volume=2.5M Target=$26.95 Stop=$20.45
POSITION: SPN AD - Jan. $20c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/spn.html
Good Investing!
Jon L. Johnson and your IH Alerts Team
All of the foregoing is commentary for informational purposes only. All statements and expressions are the opinion of Online Investment Services, LP. or its paid consultants and are not meant to be a solicitation or recommendation to buy, sell, or hold securities. We are not licensed or registered in the securities industry. The information presented herein and on our related web site has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. The security portfolio of Partners in Online Investment Services, LP. or its paid consultants may, in some instances, include securities mentioned herein and on our web site. Estimates, assumptions and other forward-looking information are subject to the limits of forecasting. Actual future developments may differ materially due to many factors. Good Investing!
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stock recommendation
stock investment information
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